22 May 2015

Identity Theft Expert

Robert Siciliano - IDTheftSecurity.com

590Posts 1,485,215Views 60Comments

Protecting yourself from debit card fraud

06 January 2014  |  3382 views  |  0

A thief got a hold of woman’s debit card information and raided her bank account. This true story is described in a recent St. Louis Post-Dispatch article.

 

Thieves can wire money over the Internet and get the cash by showing a false ID, says the article. This kind of fraud is more common than people think. In the woman’s case, Visa detected the theft quickly and she got her money back. Many victims, though, learn they were robbed only after a check bounces.

You can’t 100 percent prevent card fraud because thieves hack into computers at banks and retailers to get card information. A clerk, even, can run your card through electronic skimmers to duplicate it. Skimmers are then swiped through ATM machines or gas pumps, ripping you off. However, there are ways you can reduce the fraud.

Don’t be phishing bait. An e-mail comes to you claiming you must make a payment and includes a link where to do this. These scam e-mails make gullible people think they’re from banks, retailers, even what seems like the IRS. The link to a phony website entices victims into typing in their bank account or credit card numbers: a done deal for the thieves.

Review bank and credit card statements promptly. Reporting something suspicious within two days means minimal liability with bank accounts. Wait too long and you may never recover your loss.

Never lose sight of your debit card. Always watch clerks swipe it. Don’t hand it to anyone else at the store.

Consider ditching the debit/credit card. Use an ATM card and a separate credit card rather than the combo.

Never give your card to anyone. This means a caregiver, nanny, dog sitter, relative—you never know what they may do.

Never give your card or account information to someone who phones you.

Never leave your checkbook around where someone can get at it. The St. Louis Post-Dispatch article reports the case of a man whose girlfriend’s heroin-addict son found his checkbook and wrote checks totaling $40,000 before he realized he’d been robbed.

TagsSecurity

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Robert

3 Ways Criminals influence to steal

3 hours ago  |  270 views  |  0  |  Recommends 0 TagsSecurity

Tax Return Basics: What You must know!

16 May 2015  |  2635 views  |  0  |  Recommends 0 TagsSecurity

Time to check your Facebook Privacy settings

14 May 2015  |  2608 views  |  0  |  Recommends 0 TagsSecurity

How Hackers use LinkedIn to Scam

13 May 2015  |  6230 views  |  1  |  Recommends 0 TagsSecurity

How Employers or Parents Spy

12 May 2015  |  2151 views  |  0  |  Recommends 0 TagsSecurity

Robert's profile

job title Security Analyst
location Boston
member since 2010
Summary profile See full profile »
Security analyst, published author, television news correspondent. Deliver presentations throughout the United States, Canada and internationally on identity theft protection and personal security....

Robert's expertise

Who's commenting on Robert's posts

Ketharaman Swaminathan
Bjorn Soland
Prasenjit Das
John Serocold
Charmaine Oak
Iain Montgomery
Otmane EL RHAZI
Boris Taratine
Michael Rosenstein
Fred Pyziak
Matt Scott